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Aust shares look set to open higher

The Australian share market looks set to open higher after Wall Street looked to be heading to yet a further record high close.

At 0700 AEDT on Thursday, the share price futures index was up 19 points, or 0.34 per cent, at 5,647.

In the US, stocks have edged higher, extending their run of record highs, as data on the services sector added to signs of strength in the economy, although gains have been limited as a decline in oil prices weighs on energy shares.

The US' Institute for Supply Management's non-manufacturing index rose to its highest level since August 2005 in September and the prices paid index reached its highest level since February 2012.

The data boosted the likelihood that the Federal Reserve will raise rates at its December meeting.

At 0715 AEDT, the Dow Jones Industrial Average was up 0.09 per cent, the S&P 500 was also up 0.09 per cent, and the Nasdaq Composite had added 0.04 per cent.

Locally, in economic news on Thursday, the Australian Bureau of Statistics releases both retail and international goods and services trade data for August.

In equities news, Aumake is slated to list on the ASX.

The Australian market on Wednesday for a second straight session as international investors sold shares on concerns about a weaker outlook for the Australian dollar.